The Casement Fund Ltd
The Casement Fund Ltd is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $187K in total assets. In 2025, it awarded 5 grants totaling $58K.
Key facts about The Casement Fund Ltd
In short: The Casement Fund Ltd gave $58K across 5 grants in 2025 (avg $12K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- EIN
- 26-3884634
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $58,000
- Grants made (2025)
- 5
- Average grant
- $11,600
- Median grant
- $7,500
- Total assets
- $186,773
- Primary geography
- New Jersey (59% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$187K
+8.2% YoY
Annual Giving
$58K
-40.8% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$12K
-17.1% YoY
Under IRS private-foundation payout rules, The Casement Fund Ltd reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
How The Casement Fund Ltd gives
- Giving held roughly steady from 2022 to 2025 (−19%). Method
- In 2025 it paid out 512% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $58K (2025) to $98K (2024). In 2025 it made 5 grants totaling $58K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Drew University ($35K). Together the top 5 received $58K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 40 grants of 40 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Drew University Madison, NJ | Education | $34,500 |
| Harlem Children's Zone New York, NY | Education | $12,000 |
| Experiments in Opera Brooklyn, NY | Education | $7,500 |
| Sparks & Wiry Cries Brooklyn, NY | Education | $2,500 |
| Oratorio Society of New York New York, NY | Education | $1,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $186,773 | $172,574 | $189,396 |
| Revenue | $149,747 | $161,408 | $155,471 |
| Expenses | $132,761 | $175,383 | $151,172 |
| Qualifying Distributions | $94,784 | $140,903 | $75,020 |
| Distributable Amount | $18,515 | $17,410 | $11,747 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 3, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Casement Fund Ltd is led by Rae Boyadjis, Executive Director since 2025 (on filings since 2022); 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Rae Boyadjis
Executive Director
Treasurer → Executive Director, 2025
On filings since 2022
40 hrs/week
$60K (2025)
Thomas L. Doremus
Treasurer
Executive Director → Treasurer, 2025
On filings since 2020
$60K (2020) → $0 (2025)
Anthony E. Boyadjis
Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Erin Flannery (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $60K, to RAE Boyadjis (Executive Director).
Frequently asked questions about The Casement Fund Ltd
How much does The Casement Fund Ltd give each year?
The Casement Fund Ltd gave $58K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $98K across 7 grants.
What is The Casement Fund Ltd's typical grant size?
The Casement Fund Ltd's median grant in 2025 was $7,500, and its average grant was $11,600, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Casement Fund Ltd give grants?
The Casement Fund Ltd gives mostly in New Jersey: 59% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (41%). The most frequent recipient cities were New York, NY (2 grants) and Brooklyn, NY (2 grants).
Does The Casement Fund Ltd give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on The Casement Fund Ltd's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (5 grants).
Who are The Casement Fund Ltd's largest grantees?
The Casement Fund Ltd's largest 2025 grantees include Drew University ($34,500), Harlem Children's Zone ($12,000) and Experiments in Opera ($7,500), according to its 2025 IRS Form 990-PF. Together they received 93% of its itemized 2025 grant dollars.
How large is The Casement Fund Ltd?
The Casement Fund Ltd reported $187K in total assets on its 2025 IRS Form 990-PF. It paid out $95K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
What is The Casement Fund Ltd's EIN?
The Casement Fund Ltd's EIN (Employer Identification Number) is 26-3884634. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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